Scholarships & Financial Aid

Students are eligible to apply for various types of financial assistance to help offset the expenses of the Scott MBA Program.  Check out some of these opportunities below. 

MBA PROGRAM GRADUATE ASSISTANTSHIPS

The Scott MBA Campus program has a limited number of graduate assistantship positions available each year. These positions provide additional support to the Scott College of Business by assisting faculty with teaching or research activities, providing tutoring support for undergraduate business classes, or working in administrative offices or centers. Graduate assistantships are not available to Online MBA or Professional MBA students.

What are the financial benefits of a graduate assistantship?

Graduate assistantships with the Scott MBA program typically provide students with a partial tuition waiver and stipend.  Full-time graduate assistantships require students to work 20 hours per week and provide students with a tuition waiver of 9 credit hours and a stipend of $4,600 per term.  Half-time graduate assistantships require students to work 10 hours per week and provide students with a tuition waiver of 4.5 credit hours and a stipend of $2,300 per term.  Funding for assistantships is provided on a per-semester basis. Some university and MBA program fees cannot be waived.

How do I apply for an MBA graduate assistantship?

Graduate assistants are available on a competitive basis. Most assistantships are normally awarded in May for the following fall while a small number of assistantships may be awarded in December for the spring term. Summer assistantships are unusual.

In order to be eligible for a graduate assistantship through the Scott MBA program, students must:

• Have regular admission status with the College of Graduate and Professional Studies and the Scott MBA Program.
• Be enrolled as a full-time student in the MBA program (9 credit hours).
• Have a minimum cumulative grade point average (GPA) at the time of the award of 3.0. An undergraduate GPA of 3.0 is required for incoming first-term students.

The GA hiring process can begin only after the student is successfully admitted to the MBA program. Early application is encouraged for students wishing to be considered for an assistantship. Students who are awarded graduate assistantships may have their assistantships renewed each semester. Once a student receives admission to the MBA program, they should contact ISU-MBA@indstate.edu to express their interest in a graduate assistantship position with the MBA program.

OTHER GRADUATE ASSISTANTSHIPS

Scott MBA Campus students are eligible to apply for graduate assistantships offered by other departments at Indiana State University.  Interested students may search and apply for these positions on Indiana State University’s job posting website.

STUDENT EMPLOYMENT

Indiana State University may offer regular student jobs or graduate student positions in other departments around campus.  These positions typically offer hourly wages.  Interested students may search and apply for these positions on Indiana State University’s job posting website.

LOANS

Any graduate students may qualify for federal student loans through the Office of Student Financial Aid at Indiana State University. Students may be eligible for a Federal Direct Graduate PLUS Loan, Federal Direct Stafford Loan, or private alternative loan. More information can be found at www.indstate.edu/finaid.

SCHOLARSHIPS

Students may be eligible for scholarships through the Scott College of Business.  Typically, the scholarship application process is available by January each year with a March 1 deadline to be awarded the following academic year beginning in fall. Please visit http://indstate.edu/business/scholarships/ for eligibility guidelines for each scholarship.

O’Neill Scholars

Indiana State University received a $200,000 gift to create the Tim and Bobbie O’Neill Online MBA Scholarship in May, 2022. There are 25 O’Neill Scholars each year, all of whom receive $1,000 scholarships. Review additional information about the Tim and Bobbie O'Neill Online MBA Scholarship here.

2022-2023 Scholars